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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 168,955 $ 18,534
Adjustments to reconcile net income to net cash provided by operations:    
Exploration and abandonment expense 134 698
Depletion, depreciation and amortization 94,531 43,737
Accretion expense 245 116
Stock-based compensation expense 29,210 2,894
Amortization of debt issuance costs 3,261 259
Amortization of original issue discount on senior notes 4,609 0
Derivative-related activity (21,656) 19,402
Deferred income taxes 55,357 4,680
Changes in operating assets and liabilities:    
Accounts receivable (43,822) (16,168)
Prepaid expenses, inventory and other assets (7,148) (7,816)
Accounts payable, accrued liabilities and other current liabilities 19,130 21,401
Net cash provided by operating activities 302,806 87,737
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to crude oil and natural gas properties (725,107) (154,599)
Changes in working capital associated with crude oil and natural gas property additions 142,299 15,995
Acquisitions of crude oil and natural gas properties (258,385) (53,276)
Proceeds from sales of properties 0 3,234
Other property additions (2,158) (453)
Net cash used in investing activities (843,351) (189,099)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings under revolving credit facility 450,000 95,000
Repayments under revolving credit facility (195,000) 0
Proceeds from issuance of senior unsecured notes, net of discount 210,179 0
Proceeds from issuance of common stock in private placement 85,000 0
Debt issuance costs (9,221) (1,757)
Proceeds from exercises of warrants 7,780 5,466
Proceeds from subscription receivable from exercises of warrants 0 3,596
Proceeds from exercises of stock options 120 1,574
Dividends paid (7,636) (9,274)
Dividend equivalents paid (908) (829)
Stock issuance costs (290) 0
Net cash provided by financing activities 540,024 93,776
Net decrease in cash and cash equivalents (521) (7,586)
Cash and cash equivalents, beginning of period 34,869 19,552
Cash and cash equivalents, end of period 34,348 11,966
Supplemental cash flow information:    
Interest paid 18,318 752
Income taxes paid 0 0
Supplemental disclosure of non-cash transactions:    
Stock issued for acquisition 264,982 0
Additions to asset retirement obligations $ 3,748 $ 1,841